In case you’ve been looking out on-line for Quicken Loans opinions, you will have seen that most of the opinions you are discovering are from just a few years again. That is as a result of Quicken dipped out of the mortgage enterprise again in 2021. This is what is going on on with Quicken Loans.
How is Quicken Loans associated to Rocket Mortgage?
A fast(en) historical past lesson: Quicken Loans happened in 1999, when Intuit bought mortgage lender Rock Monetary and mixed it with its burgeoning on-line residence mortgage market QuickenMortgage. In 2002, when a gaggle of buyers led by Rock Monetary’s founder purchased Quicken Loans from Intuit, they saved the Quicken Loans title.
Rocket Mortgage by Quicken Loans, the primary fully-online mortgage utility expertise, launched in 2015. Each Rocket Mortgage and Quicken Loans had their very own web sites, however Rocket Mortgage was actually a Quicken providing.
In 2021, that relationship flipped. Rocket Corporations — the father or mother to Quicken Loans in addition to different Rocket manufacturers — introduced that Quicken Loans can be renamed Rocket Mortgage. Quicken Loans nonetheless existed as a reputation, however the entire lending was by way of Rocket.
What does Quicken Loans do now?
Extra lately, Rocket Corporations has transitioned Quicken Loans away from solely supporting Rocket Mortgage. The Quicken Loans title has been licensed to Rocket Corporations subsidiary LMB Mortgage Providers, which now powers the Quicken Loans web site.
Quicken Loans just isn’t again within the mortgage enterprise, although its web site contains a appreciable quantity of details about residence buy and refinance mortgage choices. Clicking on buttons like “Get Began” or “Purchase a Residence” will take you to a sequence of questions on residence buying or refinancing that lead as much as offering your contact data, much like what you’d see on a lender web site in case you had been trying to get a price quote or apply for mortgage pre-approval. Sharing your data will enable Quicken companions — together with, doubtlessly, Rocket — to achieve out to you with extra particular presents.
The place do you have to go subsequent?
In case you discovered this text since you had been trying to get a mortgage from Quicken Loans, it’s best to in all probability head to Rocket Mortgage — that is who handles that model’s precise residence lending enterprise. Rocket Mortgage is the highest-volume shopper mortgage lender within the U.S., providing a variety of residence loans together with a number of low-down-payment choices.
However in case you’re nonetheless purchasing round, take a look at our listing of top-rated mortgage lenders (which does embrace Rocket). It is all the time a good suggestion to check a number of mortgage lenders, not solely to seek out lenders that supply the best kind of mortgage for you, but additionally so you may see which gives you the most effective deal.
